November 26th Pancake Aunty Morning Thoughts
The popular candidates for the new chairman of the Federal Reserve lean towards interest rate cuts, combined with weakening employment and retail data, and some progress in the Ukraine-US peace agreement. Overall sentiment is mixed—bullish and bearish news stirring together, and the market is leaning towards volatility.
BTC's recent rebound touched around 88400 and was pushed back down. The daily line is still below the middle track, with no substantial change in trend; the rebound volume on the 4-hour level is very weak, and KDJ is still at a high level of stagnation, with bears still holding stronger control; after a high-level death cross on the 15-minute level, it is also weakening. In the short term, it is more of a technical pullback rather than genuine active buying.
Overall, it looks like a structure of "weak rebound + bearish volatility" now, with significant pressure above. Rebounds mostly provide opportunities for bears to enter or increase positions.
Personal Suggestions
Pancake: Enter in the 88000-88800 range, target down to 86000, 85000. If it breaks, look at 83000.
Aunty: Enter in the 2980-3020 range, target down to 2850, 2800. If it breaks, look at 2700.
